Shipping activity weak after Colombia coal strikes
Published: Thursday, 21 February 2013
Rising demand for alumina, bauxite for aluminium production could influence BDI
By Wayne Yamada
Rates for transporting dry bulk raw material fell this week after a coal miners' strike in Columbia halted production and reduced shipping activity.
Other factors looked bullish for shipping, however, with high Chinese iron ore prices and potential bauxite demand looking likely to increase dry bulk carrier utilisation.